Former Brookfield Pres. Named CFO at General Growth
July 28th, 2010Steven J. Douglas, the former president of Brookfield Properties, was named executive vice president and chief financial officer/director of accounting and finance at General Growth Properties. He will head the firm’s finance operations as it emerges…
Study Finds Commercial Retrofits Could Save $41B Annually In Energy Costs
July 28th, 2010Although energy-efficient retrofitting of commercial buildings has the potential to return twice as much in savings to owners and tenants as they require in investments, interest in pursuing retrofits has remained relatively low, dampened by the financial…
Study: Commercial Retrofits Could Save $41B Annually In Energy Costs
July 28th, 2010If all commercial space built as of 2010 were included in a 10-year energy retrofit program, CRE owners and tenants could save more than $41 billion annually in energy costs, according to a recent analysis of retrofit market opportunities by Boulder,…
True Value Renews 1.2 Million SF in Harvard, IL
July 28th, 2010True Value Co. renewed 1.19 million square feet of warehouse space for 10 years in Harvard, IL. The distribution center, one of 12 the retailer-owned hardware cooperative owns in the U.S., will continue to ship products from this location to its stores…
Office Developers in Europe Begin to Circle
July 28th, 2010With Europe’s financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn’t likely anytime soon.
Pritzker, Bozzuto Form $75M Multifamily Joint Venture
July 28th, 2010Pritzker Realty Group has partnered with The Bozzuto Group to establish a multifamily equity fund with an initial investment of $75 million. The fund will purchase and develop apartment communities in the Mid-Atlantic and Northeast with a primary focus…
Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst
July 28th, 2010CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate.
In this week’s issue…
UPDATE: Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst
July 28th, 2010CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate.
In this week’s issue…
It’s a Low Point for High Point
July 28th, 2010Vornado Realty Trust is opting to forfeit a 2 million-square-foot furniture mart in High Point, N.C., to holders of its $191 million securitized mortgage.
NFL Relocates, Cuts Back on Space
July 27th, 2010The National Football League (NFL) officially announced Tuesday that it is relocating its headquarters to 345 Park Ave. in Manhattan. But although the nation’s most popular sports league inked one of the New York’s largest office leases this year, it…
